The export of compressors for refrigerating equipment from China has shown a significant upward trend from 2013 to 2023, escalating from 216.21 million kilograms in 2013 to 1,048.4 million kilograms in 2023. This demonstrates robust growth characterized by substantial year-on-year percentage increases, particularly notable with a peak in 2017 at 107.99%. The compound annual growth rate (CAGR) over the last five years is 5.23%, indicating steady expansion.
Looking ahead from 2024 to 2028, the forecast indicates continuous growth albeit at a slower pace with a forecasted CAGR of 3.29% and an overall 5-year growth rate of 17.58%. By 2028, exports are expected to reach 1,291.4 million kilograms.
Future trends to watch for include the impact of technological advancements on production efficiency and demand driven by global economic conditions. Additionally, shifts in environmental regulations and energy efficiency standards could influence market dynamics, presenting both challenges and opportunities for the export of compressors from China.
